International media laud Vietnam’s potential for economic recovery

Vietnam has earned the highest trust globally in battling COVID-19, with 95 percent of respondents expressing such a belief in a recent poll by UK data analysis and market research firm YouGov.

International media laud Vietnam’s potential for economic recovery hinh anh 1

Workers in a factory in Vietnam (Photo: EPA)

The country has reported 332 COVID-19 cases to date, of which 317 have recovered. Most notably, there have been no fatalities.

Of the remaining 15 patients in hospital, only nine have tested positive for SARS-CoV-2 which causes COVID-19.

The Financial Times ran an article highlighting that Hanoi and Ho Chi Minh City are “roaring back to life after their coronavirus-related partial lockdowns.”

It emphasised the disciplined public health response adopted by the Vietnamese Government, companies, and people, adding that the country is getting back to a “new normal”. 

“Vietnam’s schools, restaurants, cinemas, and nightclubs are all open again, while football matches at stadiums packed with cheering spectators have been allowed to resume,” it continued.

 

While a second wave of infections is a risk in some countries, Vietnam has gone 55 consecutive days with no new community transmissions.

It was among the first countries to be hit by the virus, after China, and is now among the first to emerge from the worst of the crisis, the paper said.

The country undertook rigorous contact-tracing, locating not just primary but secondary contacts of infected people and bringing them into quarantine. 

It is now considering reopening its borders to some commercial flights, with safeguards in place, the article said, adding the prospects for recovery look relatively bright for Vietnam, with an economic growth projection of 5 percent this year./. VNA

Production recovery strategy post-COVID-19

Production recovery strategy post-COVID-19

The impact of the COVID-19 pandemic on Vietnam’s production is clearly evident in each specific industry. 

Two scenarios for Vietnam's economic recovery

Two scenarios for Vietnam's economic recovery

Vietnam has to be very cautious when choosing and implementing a plan to reactivate the economy.

 
 

Other News

.
Fish harvesting teams need to be set up amid pandemic
Fish harvesting teams need to be set up amid pandemic
BUSINESSicon  13/09/2021 

Localities should establish groups and teams for harvesting fish that could facilitate the issuance of travel permits in groups instead of individual travel permits amid the COVID-19 pandemic.

VIETNAM BUSINESS NEWS SEPTEMBER 12
VIETNAM BUSINESS NEWS SEPTEMBER 12
BUSINESSicon  12/09/2021 

Vietnam continues to be attractive investment destination: HSBC

NA Chairman witnesses signing of deals between Vietnamese and European firms
NA Chairman witnesses signing of deals between Vietnamese and European firms
BUSINESSicon  12/09/2021 

NA Chairman Vuong Dinh Hue witnessed the handover of donations of medical supplies to Vietnam and the signing of several agreements between Vietnamese and European businesses at a ceremony held in Helsinki on September 11.

Real estate remains attractive to foreign investors
Real estate remains attractive to foreign investors
BUSINESSicon  11/09/2021 

With a total registered capital of nearly US$1.6 billion during January-August, real estate continued to rank third among 18 sectors attracting foreign direct investment (FDI).

Government issues resolution to support businesses
Government issues resolution to support businesses
BUSINESSicon  11/09/2021 

Facing the decline in resilience of businesses, cooperatives and business households in the rapidly spreading COVID-19 pandemic, the Government has issued Resolution No 105/NQ-CP on supporting businesses.

VIETNAM BUSINESS NEWS SEPTEMBER 11
VIETNAM BUSINESS NEWS SEPTEMBER 11
BUSINESSicon  11/09/2021 

Hanoi tax authorities collect taxes from Google and Apple content developers

Banks tighten loans for real estate businesses
Banks tighten loans for real estate businesses
BUSINESSicon  11/09/2021 

The banking industry sharply reduced outstanding loans for real estate business in the first half of 2021 and will continue such limits in the second half.

28% of 2021-2025 budget slated for investment and development
28% of 2021-2025 budget slated for investment and development
BUSINESSicon  11/09/2021 

The total state’s spending in 2021-2025 is predicted to reach VND10.26 quadrillion, of which 28 percent would be spent for investment and development.

Investors sell homestays at a loss of billions of VND
Investors sell homestays at a loss of billions of VND
FEATUREicon  12/09/2021 

Many investors have offered to sell their homestays as they do not have enough money to pay debts and maintain operations.

E-wallets need 'sandbox' to boom
E-wallets need 'sandbox' to boom
FEATUREicon  13/09/2021 

“Do you accept payment with MoMo?” “Yes” is the question one can hear at many restaurants and supermarkets in HCM City.

China resumes importing Vietnamese dragon fruit, bananas
China resumes importing Vietnamese dragon fruit, bananas
BUSINESSicon  10/09/2021 

China has agreed to resume importing Vietnamese dragon fruit and bananas through the Kim Thanh International Border Gate in Lao Cai province following a hiatus due to COVID-19.

How to rescue Vietnamese air carriers
How to rescue Vietnamese air carriers
FEATUREicon  12/09/2021 

During the fourth Covid-19 outbreak, the Civil Aviation Administration of Vietnam asked domestic airlines to limit the number of flights from provinces and cities implementing social distancing under Directive 16.

Digital transformation to increase productivity: the only way to not lag behind
Digital transformation to increase productivity: the only way to not lag behind
FEATUREicon  10/09/2021 

At Garment 10 Company, productivity increased exponentially after new technologies and digitalization of the production line were applied.

Welcoming visitors with "vaccine passports"
Welcoming visitors with "vaccine passports"
FEATUREicon  10/09/2021 

Van Don international airport in Quang Ninh province was selected to welcome the first visitors with a "vaccine passport" on September 4. 

Vietnamese households to spend more on food
Vietnamese households to spend more on food
BUSINESSicon  10/09/2021 

The average Vietnamese household will spend 20.8 per cent of their total household budget on food in 2025, marginally increasing from 20.1 per cent in 2005, according to global financial services provider Fitch Solutions.

Two out of five Vietnamese consumers will abandon long online banking account applications
Two out of five Vietnamese consumers will abandon long online banking account applications
BUSINESSicon  10/09/2021 

Vietnamese consumers expect a seamless banking experience when it comes to opening an account via a mobile app or website, with two in five expecting to answer 10 questions or less or they will abandon the process.

NA Deputy warns of property bubbles
NA Deputy warns of property bubbles
BUSINESSicon  10/09/2021 

State Bank of Vietnam Governor Nguyen Thi Hong has sent a document replying to Ha Sy Dong, a National Assembly Deputy from the central province of Quang Tri, who spoke about property bubbles at the first session of the 15th NA on July 25.

Hanoi enterprises resume operation, but with high caution
Hanoi enterprises resume operation, but with high caution
FEATUREicon  10/09/2021 

The enterprises in yellow and green zones of Hanoi have been asked to continue anti-pandemic measures during the production process. The ‘three on the site’ model (work, eat, stay) is being used in high-risk zones.

Garment-textile, footwear may take long time to recover: insiders
Garment-textile, footwear may take long time to recover: insiders
BUSINESSicon  10/09/2021 

Viet Nam’s garment-textile and footwear sectors have endured the brunt of COVID-19 and firms may take a long time to recover, experts said.

VN industrial, logistics real estate a resilient asset class: analysts
VN industrial, logistics real estate a resilient asset class: analysts
BUSINESSicon  09/09/2021 

Demand for e-commerce and pharmaceuticals ensure that the industrial and logistics real estate segments remain the most resilient asset class in 2021, experts have said.

 
 
 
Leave your comment on an article

OR QUICK LOGIN